SHIB is Now Available on all 10 Major Cryptocurrency Exchanges

SHIB Shiba Inu
Source: Pixabay

Following its debut on popular cryptocurrency exchange Kraken, the decentralized meme token Shiba Inu (SHIB) is beating the larger crypto market on Tuesday.

On Tuesday morning, SHIB soared to an intraday high of more than $0.00005127, marking a 31.6 percent gain the previous day. According to CoinMarketCap records, this is Shiba Inu’s highest level since November 19, when the coin traded over $0.00005100 before sliding to $0.00003660 a week later.

Surprisingly, the Ethereum-based token created by the developer known as Ryoshi is now available on all ten major cryptocurrency platforms. Indeed, the Dogecoin rival is now available on key exchanges in the top ten on CoinMarketCap. Examples of such exchanges include Binance, Coinbase, KuCoin, and Kraken, among others.

READ ALSO: Investor’s Guide to Metaverse

Additionally, as the asset’s popularity grows, quickly expanding exchanges and trading platforms like CoinGate and VirgoCX have listed it.

In addition, as the asset’s popularity grows, it’s listed on quickly developing exchanges and trading platforms like CoinGate and VirgoCX. These exchange platforms are bringing cryptocurrencies to the forefront.

Demand for SHIB

Within 24 hours of its debut on Coinbase, the token experienced an influx of $870 billion in the capital. There was a small decline on November 19, which was the first decrease in holders since October. Despite the decline, the number of Shib holders has continued to climb.

Notably, the number of persons who possess SHIB has continued to grow at an exponential rate after such a parabolic surge to all-time highs. The fact that the currency was still not listed on big platforms like Kraken at the time, according to the source, could indicate that more retail investors expect the coin to recover value again in the near future.

READ ALSO: Invesco Launches Bitcoin Spot ETP

Shiba Inu has achieved this, with Kraken announcing that trading would begin today. Kraken is America’s second-largest cryptocurrency exchange by trading volume.

The price of the Shiba Inu coin is currently $0.00005127, up 31.66 percent in the past 24 hours and 20.75 percent in the previous seven days.

Furthermore, the assets market cap has risen to $28.1 billion, putting it in eleventh place in the rankings. This is way ahead of the popular Avalanche (AVAX) token.

Shiba Inu is now the biggest gainer among the main currencies in the last 24 hours. It has almost $9.3 billion in volume moved in the same time frame, thanks to the growing pump.

Shiba Inu Continues to Grow

Aside from that, SHIB has recently consulted on its play-to-earn non-fungible token (NFT) game with game creator and former Vice President of Technology at Activision William David Volk.

Shiba Inu has secured a relationship with an AAA gaming firm to build an NFT game. The game will most likely use Shiboshi NFTs, according to Shytoshi Kusama, the decentralized meme currency project leader.

He also mentioned the game, which will be available for iOS and Android. Simultaneously, the game will contain Shibarium functionality as well as decentralized characteristics.